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ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR FIRST LOSS POSITION ON MULTIFAMILY LOANS SOLD TO FNMA (Tables)
 9 Months Ended
Sep. 30, 2013
ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR FIRST LOSS POSITION ON MULTIFAMILY LOANS SOLD TO FNMA [Abstract]  
Allowance For Credit Losses For Impairment By Financing Receivables Class
The following table presents data regarding the allowance for loan losses and loans evaluated for impairment by class of loan within the real estate loan segment as well as for the aggregate consumer loan segment:

At or for the Three Months Ended September 30, 2013
 
 
 
Real Estate Loans
  
Consumer Loans
 
 
 
One- to Four Family Residential and Cooperative Unit
  
Multifamily Residential and Residential Mixed Use
  
Mixed Use Commercial Real Estate
  
Commercial Real Estate
  
Construction
  
Total Real Estate
  
 
Beginning balance
 
$
352
  
$
14,620
  
$
2,215
  
$
3,279
  
$
12
  
$
20,478
  
$
24
 
Provision (credit) for loan losses
  
(75
)
  
1,382
   
(443
)
  
(618
)
  
(11
)
  
235
   
5
 
Charge-offs
  
(11
)
  
(205
)
  
-
   
(1
)
  
-
   
(217
)
  
(6
)
Recoveries
  
8
   
13
   
-
   
-
   
-
   
21
   
-
 
Ending balance
 
$
274
  
$
15,810
  
$
1,772
  
$
2,660
  
$
1
  
$
20,517
  
$
23
 
 
                            
Ending balance – loans individually evaluated for impairment
 
$
1,203
  
$
3,891
  
$
711
  
$
35,277
  
$
-
  
$
41,082
  
$
-
 
Ending balance – loans collectively evaluated for impairment
  
77,301
   
2,860,933
   
334,939
   
352,385
   
299
   
3,625,857
   
2,109
 
Allowance balance associated with loans individually evaluated for impairment
  
6
   
-
   
-
   
484
   
-
   
490
   
-
 
Allowance balance associated with loans collectively evaluated for impairment
  
268
   
15,810
   
1,772
   
2,176
   
1
   
20,027
   
23
 
Total Ending balance
 
$
274
  
$
15,810
  
$
1,772
  
$
2,660
  
$
1
  
$
20,517
  
$
23
 
At December 31, 2012
 
Ending balance – loans individually evaluated for impairment
 
$
1,291
  
$
2,460
  
$
1,900
  
$
47,493
  
$
-
  
$
53,144
  
$
-
 
Ending balance – loans collectively evaluated for impairment
  
90,585
   
2,673,909
   
338,233
   
347,038
   
476
   
3,450,241
   
2,423
 
Allowance balance associated with loans individually evaluated for impairment
  
7
   
-
   
-
   
513
   
-
   
520
   
-
 
Allowance balance associated with loans collectively evaluated for impairment
  
337
   
14,299
   
2,474
   
2,869
   
24
   
20,003
   
27
 
Total Ending balance
 
$
344
  
$
14,299
  
$
2,474
  
$
3,382
  
$
24
  
$
20,523
  
$
27
 

 
At or for the Three Months Ended September 30, 2012
 
 
Real Estate Loans
 
Consumer Loans
 
 
One- to FourFamily Residential and Cooperative Unit
 
Multifamily Residential and Residential Mixed Use
 
Mixed Use Commercial Real Estate
 
Commercial Real Estate
 
Construction
 
Total Real Estate
 
 
Beginning balance
 
$
258
  
$
14,551
  
$
2,181
  
$
3,230
  
$
-
  
$
20,220
  
$
23
 
Provision (credit) for loan losses
  
557
   
(761
)
  
143
   
157
   
27
   
123
   
3
 
Charge-offs
  
(134
)
  
(242
)
  
(8
)
  
(14
)
  
-
   
(398
)
  
-
 
Recoveries
  
(1
)
  
686
   
-
   
36
   
-
   
723
   
-
 
Ending balance
 
$
682
  
$
14,234
  
$
2,316
  
$
3,409
  
$
27
  
$
20,668
  
$
26
 


At or for the Nine Months Ended September 30, 2013
 
 
Real Estate Loans
 
Consumer Loans
 
 
One- to Four Family Residential and Cooperative Unit
 
Multifamily Residential and Residential Mixed Use
 
Mixed Use Commercial Real Estate
 
Commercial Real Estate
 
Construction
 
Total Real Estate
 
 
Beginning balance
 
$
344
  
$
14,299
  
$
2,474
  
$
3,382
  
$
24
  
$
20,523
  
$
27
 
Provision (credit) for loan losses
  
29
   
1,840
   
(716
)
  
(719
)
  
(23
)
  
411
   
14
 
Charge-offs
  
(110
)
  
(362
)
  
(15
)
  
(5
)
  -   
(492
)
  
(18
)
Recoveries
  
11
   
33
   
29
   
2
   
-
   
75
   
-
 
Ending balance
 
$
274
  
$
15,810
  
$
1,772
  
$
2,660
  
$
1
  
$
20,517
  
$
23
 

At or for the Nine Months Ended September 30, 2012
 
 
 
Real Estate Loans
  
Consumer Loans
 
 
 
One- to Four Family Residential and Cooperative Unit
  
Multifamily Residential and Residential Mixed Use
  
Mixed Use Commercial Real Estate
  
Commercial Real Estate
  
Construction
  
Total Real Estate
  
 
Beginning balance
 
$
480
  
$
14,313
  
$
1,528
  
$
3,783
  
$
124
  
$
20,228
  
$
26
 
Provision (credit) for loan losses
  
959
   
1,477
   
1,442
   
64
   
(94
)
  
3,848
   
10
 
Charge-offs
  
(774
)
  
(2,381
)
  
(670
)
  
(500
)
  
(3
)
  
(4,328
)
  
(10
)
Recoveries
  
17
   
773
   
11
   
37
   
-
   
838
   
-
 
Transfer from the reserve for loan commitments
  
-
   
52
   
5
   
25
   
-
   
82
   
-
 
Ending balance
 
$
682
  
$
14,234
  
$
2,316
  
$
3,409
  
$
27
  
$
20,668
  
$
26
 


The following tables summarize impaired real estate loans as of or for the periods indicated (by collateral type within the real estate loan segment):

 
 
At September 30, 2013
 
 
 
Unpaid Principal Balance at Period End
  
Recorded Investment at Period End(1)
  
Reserve Balance Allocated within the Allowance for Loan Losses at Period End
 
One- to Four Family Residential and Cooperative Unit
 
  
  
 
With no allocated reserve
 
$
1,070
  
$
991
  
$
-
 
With an allocated reserve
  
256
   
212
   
6
 
Multifamily Residential and Residential Mixed Use
            
With no allocated reserve
  
4,040
   
3,891
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Mixed Use Commercial Real Estate
            
With no allocated reserve
  
711
   
711
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Commercial Real Estate
            
With no allocated reserve
  
21,269
   
20,156
   
-
 
With an allocated reserve
  
15,121
   
15,121
   
484
 
Construction
            
With no allocated reserve
  
-
   
-
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Total
            
With no allocated reserve
 
$
27,090
  
$
25,749
  
$
-
 
With an allocated reserve
 
$
15,377
  
$
15,333
  
$
490
 
(1)The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.

 
 
At December 31, 2012
 
 
 
Unpaid Principal Balance at Period End
  
Recorded Investment at Period End(1)
  
Reserve Balance Allocated within the Allowance for Loan Losses at Period End
 
One- to Four Family Residential and Cooperative Unit
 
  
  
 
With no allocated reserve
 
$
1,079
  
$
1,079
  
$
-
 
With an allocated reserve
  
258
   
212
   
7
 
Multifamily Residential and Residential Mixed Use
            
With no allocated reserve
  
2,767
   
2,460
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Mixed Use Commercial Real Estate
            
With no allocated reserve
  
1,900
   
1,900
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Commercial Real Estate
            
With no allocated reserve
  
33,416
   
32,217
   
-
 
With an allocated reserve
  
15,276
   
15,276
   
513
 
Construction
            
With no allocated reserve
  
-
   
-
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Total
            
With no allocated reserve
 
$
39,162
  
$
37,656
  
$
-
 
With an allocated reserve
 
$
15,534
  
$
15,488
  
$
520
 
(1)The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.



 
 
Three Months Ended
September 30, 2013
  
Three Months Ended
September 30, 2012
  
Nine Months Ended
September 30, 2013
  
Nine Months Ended
September 30, 2012
 
 
 
Average Recorded Investment
  
Interest Income Recognized
  
Average Recorded Investment
  
Interest Income Recognized
  
Average Recorded Investment
  
Interest Income Recognized
  
Average Recorded Investment
  
Interest Income Recognized
 
One- to Four Family Residential and Cooperative Unit
 
  
  
  
  
  
  
  
 
With no allocated reserve
 
$
993
  
$
11
  
$
$ 629
  
$
15
  
$
1,016
  
$
27
  
$
814
  
$
48
 
With an allocated reserve
  
212
   
5
   
212
   
5
   
212
   
14
   
511
   
14
 
Multifamily Residential and Residential Mixed Use
                                
With no allocated reserve
  
3,552
   
49
   
4,787
   
49
   
2,977
   
129
   
6,178
   
305
 
With an allocated reserve
  
-
   
-
   
-
   
-
   
-
   
-
   
525
   
-
 
Mixed Use Commercial Real Estate
                                
With no allocated reserve
  
1,289
   
17
   
1,459
   
12
   
1,590
   
110
   
2,670
   
56
 
With an allocated reserve
  
-
   
-
   
-
   
-
   
-
   
-
   
240
   
-
 
Commercial Real Estate
                                
With no allocated reserve
  
22,991
   
187
   
33,596
   
404
   
26,682
   
949
   
28,648
   
1,318
 
With an allocated reserve
  
15,155
   
275
   
15,284
   
189
   
15,199
   
671
   
21,290
   
567
 
Construction
                                
With no allocated reserve
  
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
With an allocated reserve
  
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Total
                                
With no allocated reserve
 
$
28,825
  
$
264
  
$
$ 40,471
  
$
480
  
$
32,265
  
$
1,215
  
$
38,310
  
$
1,727
 
With an allocated reserve
 
$
15,367
  
$
280
  
$
$ 15,496
  
$
194
  
$
15,411
  
$
685
  
$
22,566
  
$
581
 
First Loss Position And Related Reserve Liability
The following is a summary of the aggregate balance of multifamily loans serviced for FNMA, the period-end First Loss Position associated with these loans and activity in the related liability:

 
 
At or for the Three Months Ended
September 30,
  
At or for the Nine Months Ended
September 30,
 
 
 
2013
  
2012
  
2013
  
2012
 
Outstanding balance of multifamily loans serviced for FNMA at period end
 
$
216,073
  
$
279,830
  
$
216,073
  
$
279,830
 
Total First Loss Position at end of period
  
15,428
   
16,356
   
15,428
   
16,356
 
Liability on the First Loss Position
                
Balance at beginning of period
 
$
$ 1,188
  
$
$ 1,684
  
$
$ 1,383
  
$
$ 2,993
 
Credit for losses on problem loans(1)
  
(50
)
  
(140
)
  
(245
)
  
(1,107
)
Charge-offs and other net reductions in balance
  
(38
)
  
-
   
(38
)
  
(342
)
Balance at period end
 
$
$ 1,100
  
$
$ 1,544
  
$
$ 1,100
  
$
$ 1,544
 
(1)Amount recognized as a component of mortgage banking income during the period.